The journey
Seven steps
- 1
Fit review
A short conversation about your business structure, earned income, any employees and any other companies you own or control. If a Solo 401(k) is not the right fit, we say so.
- 2
Engagement and information gathering
We confirm scope and fees, then collect the business details needed to prepare the plan documents accurately.
- 3
Plan design choices
You decide which provisions to include - traditional deferrals, Roth deferrals, a participant-loan feature, rollover acceptance - with education on what each one means in practice.
- 4
Document setup
Your plan document package, adoption agreement and related paperwork are prepared for signature, with trust and EIN details obtained as applicable.
- 5
Banking and custody
You open the plan's accounts at the bank or custodian you choose. We provide the documentation those institutions typically ask for. We never hold or move your money.
- 6
Funding and rollover
Contributions or eligible rollovers are initiated with the releasing institutions. We provide instructions and coordination help; the institutions control timing.
- 7
Ongoing support
Administrative reminders, document upkeep and a person to call when a practical question comes up during the plan year.
Many straightforward setups can be completed in approximately one to two weeks after all required information is received; banking and rollover timing varies.
Scope
What we do, and what we do not do
Clear boundaries make the working relationship easier for everyone.
What we do
- Prepare and maintain plan documents
- Assist with implementation and paperwork
- Provide educational guidance on plan rules
- Send administrative reminders through the year
- Coordinate with banks, custodians and your own advisers
What we do not do
- Select or recommend investments
- Give individualized legal, tax or investment advice
- Custody or hold plan assets
- Guarantee tax results or investment outcomes
- Approve, review or authorize your transactions
Survival 401K is not a bank, custodian, registered investment adviser, law firm, CPA firm, lender or fiduciary. Consult your own tax and legal advisers before acting on anything you read here.